This P2P lending platform is based in Latvia is currently the only lending platform that offers the market’s highest returns backed by buyback guarantee, but is fairly new; launched in 2017. The platform lists loans from loan originators who have acquired end-borrowers loans, run all the heavy-lifting of monitoring and collecting the interest payments and sell them through the platform to investors.
The loans listed in Grupeer are those of business and development. The interesting feature with development loans in this platform especially is that they are usually attached to real estate projects i.e. acquiring property or construction. The average yield comes around 14%, which is at the high end of the market and all of the listed loans come with a buyback guarantee.
Grupeer has a very easy to use auto-invest tool where you can preset your risk preferences, select on which loan originators and type of loans to invest. You can preset the range of interest rates and the term internal you wish to commit your capital with the minimum amount of investment of EUR 10.00 per loan. This feature is extremely helpful for investors seeking to create a passive income by reinvesting their proceedings in loans with a buyback guarantee.
No Secondary market
The platform doesn’t support a secondary market yet, which limits investors in investing only in the primary market.
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